Twin Vee PowerCats launches Aquasport brand

Twin Vee 240 SE-GFX Dual Console

Florida boatbuilder Twin Vee PowerCats has completed its purchase of the Aquasport boat brand in Tennesse, and has decided to merge its LFG Marine monohull brand into the new subsidiary.

According to Joseph Visconti, the CEO and president of Twin Vee PowerCats, the company plans to “invigorate the Aquasport brand with the ideals and goals LFG Marine were founded on.”

He continues: “We want to bring the passion we have for boatmaking to Aquasport and build a bold and diverse product line that offers amenities for a fun and unforgettable day on the water at an affordable price. Moreover, we’re looking to build on Aquasport’s tremendous reputation for quality and reliability and re-energize it for avid fishers, weekend warriors, and families.”

Twin Vee recently announced it had entered into an agreement to acquire the Aquasport boat brand and 150,000-square-foot manufacturing facility in White Bluff, Tennessee. The company has now taken physical control of the Aquasport property and facility in Tennessee.

The Aquasport deal is expected to benefit from the rising economic impact of recreational boating in the United States. According to the National Marine Manufacturers Association, the industry grew 36 per cent in the last five years, from $170b in 2018 to $230b in 2023.

The industry’s contributions to the US workforce grew as well, with a 14 per cent increase in jobs supported, from 691,000 in 2018 to more than 812,000 in 2023.

Frank Hugelmeyer, NMMA president, commented in the article that the NMMA’s latest economic analysis “underscores the extraordinary growth and demand our industry has experienced coming out of the pandemic” as “Americans seek out boating and fishing in record numbers, driving significant economic output and supporting tens of thousands of small businesses and nearly a million jobs.”

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